K-Fastigheter acquires its first building right in Höör

K-Fastigheter plans to build approximately 95 rental apartments in the Group’s proprietary Lateral Low-Rise buildings in Höör, central Skåne. There is a legally binding zoning plan and K-Fastigheter expects to start construction in the last quarter of 2022.

K-Fastigheter plans to build approximately 95 rental apartments in the Group’s proprietary Lateral Low-Rise buildings in Höör, central Skåne. There is a legally binding zoning plan and K-Fastigheter expects to start construction in the last quarter of 2022.

K-Fast Fogdaröd 8:32 AB, a subsidiary of K-Fast Holding AB (“K-Fastigheter”), has entered into an agreement with Fogdaröd Projektutveckling AB for the acquisition of the property Fogdaröd 8:32 in Höör. Mjöbäcks Entreprenad and Väststugan holds each 50 percent in Fogdaröd Projektutveckling AB.

The zoning plan for Fogdaröd 8:32 is legally valid and permit K-Fastigheter to build approximately 95 apartments in the Group’s proprietary Lateral Low-Rise concept buildings.

“We are excited about this deal which gives us the opportunity to build our first rental apartments in Höör. Together with Mjöbäcks Entreprenad we share the vision to build sustainable houses and offer good housing with different tenures of housing. We are encouraged by the great demand for newly produced and surface efficient rental apartments in Höör,” says Magnus Persson, business development manager at K-Fastigheter.

The purchase price amounts to approximately SEK 11.5 million with a gross floor area (GFA) of about 7,650 square meters. The rental value is estimated to approximately SEK 12.1 million at completion in 2024. K-Fastigheter has taken possession of the property at the time of contract signing and expects to start construction in the last quarter of 2022.


For more information, please contact:
Magnus Persson, Business Development manager, e-mail: magnus.persson@k-fastigheter.se, telephone: +46 10 209 61 39
Anders Antonsson, IR Manager, e-mail: anders.antonsson@k-fastigheter.se, telephone: +46 708 730 900

As a property company, K-Fastigheter’s objective is to add value for tenants by creating attractive homes with superior comfort. The Group’s operations encompass active property management, project development and proprietary construction operations. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept buildings, developed in-house and constructed for proprietary management. K-Fastigheter provides some 2,450 homes in several locations in the Öresund region, in the province of Småland and in western Sweden, and is assessing new markets as production capacity increases. The Group’s property portfolio has a book value SEK 8.8 billion, with an annual rental value of about SEK 300 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at www.k-fastigheter.com

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